A Review of Security in Financial Technology
Muhammad Azril Kurniawan Nurmara, Muhammad Naufal Hakim, Oey Hans Christian Ardy, Reynaldo Jeffrey, Vincent Setiono, Bayu Kanigoro, Edy Irwansyah · Procedia Computer Science · 2023
Financial Technology (FinTech) is a popular name for innovative technology utilized by financial organizations, with a focus on security and privacy concerns. These concerns include threats, attacks, hostile activity, and adversaries, as well as potential responses. The goal of this study is to undertake an assessment of current advances in financial industry security and privacy issues. FinTech is viewed as a gateway to increased business potential by financial sectors and entrepreneurs, but in order to explore such possibilities, mobile applications and other digital platforms must be established. However, security vulnerabilities to mobile applications have expanded dramatically, posing a dilemma for users and FinTech entrepreneurs. The findings of this study can be used to develop a theoretical framework for FinTech security and privacy, which will provide critical support for the establishment of a trustworthy security mechanism in FinTech.